2017
United
States
Agriculture
Equipment Market Status
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Author: Wang Haile Company: QYResearch Center Date: 2017/4/28
The report 2017 United States Agriculture Equipment Market Status and Future Trend published by QYR Research Center shows that U.S. agricultural equipment exports will continue to decline in 2017-18 in the absence of major increases in global agricultural commodity prices. Such increases are unlikely. High interest rates in markets such as Brazil and South Africa will further constrain the recovery of U.S. exports. Low interest rates in others, especially the Eurozone, may mitigate somewhat the effects of low agricultural commodity prices. Weak local currencies relative to the U.S. dollar will also remain a barrier to exports of U.S. agricultural equipment. Low petroleum prices, if they continue, will hold down farmers’ production costs, while restraining economic growth and demand for imported foodstuffs in petroleum-producing countries. Table 2016 U.S. Exports at a Glance Equipment Types
Export (M USD)
Percent Of U.S. Agriculture Equipment Exports
Change 20132016
For Grain, Oilseeds & Other Commodity Crops
3039.1
31.2%
-16.2%
Change JanJun 2016 -15.3%
Tractor Parts
2257.6
23.2%
-1.3%
-18.6%
Movers & Power Equipment
2071.8
21.3%
-5.5%
-12.0%
For Raising Livestock
820.9
8.4%
-3.2%
-4.9%
For Produce & High Value Crops
727.7
7.5%
-10.0%
-9.9%
Low–Medium–Hp Tractors
437.6
4.9%
23.3%
-5.8%
Sprayers
200.0
2.1%
-23.3%
6.7%
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Others
157.8
1.6%
-14.0%
-3.6%
Total
9748.5
100.0%
-8.9%
-13.4%
Source: QYR Agriculture Equipment Research Center, Apr 2017
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